UNITY BANCORP INC /NJ/ (UNTY) Form 8-K — Oct 13, 2026
Unity Bancorp (NASDAQ: UNTY) reported Q3 2026 net income of $17.4 million, or $1.70 per diluted share, up 20.1% from $14.5 million ($1.42) in the prior quarter and up 20.8% year-over-year. Net interest income rose $2.5 million sequentially to $34.3 million with NIM expanding 11 bps to 4.67%, while nonaccrual assets fell to $24.1 million from $31.3 million at year-end 2025. Results included a $2.5 million benefit from purchased transferable federal investment tax credits; excluding one-time items, adjusted EPS was $1.51. The company also confirmed the planned CEO transition: James A.
Key figures
- Eps
- 1.7
- Revenue
- $34.3 million net interest income (Q3 2026)
- Net Income
- 17400000
- Cash Position
- 230100000
- Shares Outstanding
- 10,068 thousand
- Nim
- 4.67%
- Roa
- 2.29%
- Roe
- 18.11%
- Total Assets
- $3.25 billion
- Total Deposits
- $2.56 billion
- Total Gross Loans
- $2.78 billion
- Effective Tax Rate
- 13.1%
- Nonaccrual Assets
- $24.1 million
- Book Value Per Share
- 38.59
- Tax Credit Purchase
- $27.6 million federal investment tax credits
- Shareholders Equity
- $388.5 million
- Qtd Nine Month Net Income
- $46.1 million
AI analysis
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